Transactions

Transactions

Overview

Pluribus Technologies Inc. Completes $25 Million Equity Financing

December 03, 2021

Pluribus Technologies Inc. (“Pluribus”), a Canadian technology company which focuses on the acquisition of small, profitable business-to-business software companies, raised approximately $25 million by way of a private placement of subscription receipts and common shares (the “Offering”). The Offering was completed in connection with Pluribus’ proposed reverse take-over transaction with Aumento Capital IX Corp. (to be renamed “Pluribus Technologies Inc.”, the “Resulting Issuer”) (the “RTO”).

In connection with the completion of the RTO, each subscription receipt will automatically convert into 0.134771 of one Series 1 Class A common share of Pluribus, which will then be exchanged for one whole common share of the Resulting Issuer.

Canaccord Genuity Corp. and Scotiabank acted as co-lead agents in respect of the Offering together with a syndicate of agents that included Desjardins Securities Inc., PI Financial Corp. and Raymond James Ltd.

Wildeboer Dellelce LLP acted for the agents in connection with the Offering with a team comprised of Sanjeev Patel, Joel Fraser, Colin Romano and Alex Karlsen (corporate/securities).